I wonder where the money is gonna come from?

"President Bush and Treasury Secretary Henry Paulson on Friday outlined a series of far-reaching steps - likely to cost hundreds of billions of dollars - aimed at stemming a widening financial crisis that is roiling the financial markets and undermining confidence in the banking system."

Where is this money going to come from? Is the US going to have to borrow more??? ... ...Are we going to go deeper into debt because of this? ...Are we going to raise taxes to pay for this?

Caslon7000 saidWhere is this money going to come from? Is the US going to have to borrow more??? ... ...Are we going to go deeper into debt because of this? ...Are we going to raise taxes to pay for this?

Borrow ourselves into more debt, the Republican answer for everything. Odd they call Democrats "tax & spend" when they've spent more than anyone. Democrat Clinton left us a budget surplus, while Republican Bush has given us the greatest debt in US history.

It's true the Republicans have given us tax cuts, but they only resulted in more debt (with interest), and benefited corporations and the wealthy the most. The crushing national debt will eventually force tax increases, which if they occur during a Democratic administration, the Repubs will be only too happy to blame them for.

I find it more than coincidence that the biggest bailouts in US history (the S&L crisis and the current ones) happened when Republicans were in the White House, and more specifically, the two Bushes. The President sets economic policy in manifold ways, with Congress usually the junior player.

Why would any rational voters think their economic futures would be better off with yet another Republican in the WH? And one who's admitted economics isn't his strength, and whose economic advisors helped to craft the same deregulatory policies that created this present mess?

If there is a silver lining to any of this it is that perhaps it will force the Republicans and Democrats to work together and stop this endless partisan bickering that has gotten nobody anywhere. I'm so sick of people thinking that any one President or party is to blame for this. This has been brewing for decades, and there is more than enough blame to go around, including the American people themselves who have been living beyond their means for far too long. Those days are coming to a screeching hault.

CuriousJockAZ saidIf there is a silver lining to any of this it is that perhaps it will force the Republicans and Democrats to work together and stop this endless partisan bickering that has gotten nobody anywhere. I'm so sick of people thinking that any one President or party is to blame for this. This has been brewing for decades, and there is more than enough blame to go around, including the American people themselves who have been living beyond their means for far too long. Those days are coming to a screeching hault.

Thats a little bit of a stretch. The main reason for this is the "trickle up" effect of the mortgage crisis

CuriousJockAZ saidIf there is a silver lining to any of this it is that perhaps it will force the Republicans and Democrats to work together and stop this endless partisan bickering that has gotten nobody anywhere. I'm so sick of people thinking that any one President or party is to blame for this. This has been brewing for decades, and there is more than enough blame to go around, including the American people themselves who have been living beyond their means for far too long. Those days are coming to a screeching hault.

Well said - and also for further consideration, independent reports by outside investigators concluded that Freddie Mac manipulated its accounting to milsead investors, and critics have said Fannie Mae did not adequately hedge against rising interest rates.

In 2005 John McCain co-sponsored the Federal Housing Enterprise Regulatory Reform Act - which was shot down by the Democrats and even some Republicans in Congress. So, McCain fought three years ago to help shield us from the crisis going on today. What was Obama's vote?

CuriousJockAZ saidIf there is a silver lining to any of this it is that perhaps it will force the Republicans and Democrats to work together and stop this endless partisan bickering that has gotten nobody anywhere. I'm so sick of people thinking that any one President or party is to blame for this. This has been brewing for decades, and there is more than enough blame to go around, including the American people themselves who have been living beyond their means for far too long. Those days are coming to a screeching hault.

Of course you are sick of it. Cuz it is landing squarely at the feet of the Republicans....WHERE IT BELONGS! ...Dont try to peddle that crap that this has been brewing for decades....why didnt Business avert it if they had that long? ...Why didnt the Republicans manage it for the 6 years they had complete control of the government. ...Why am I asking? You have shown yourself to be incapable of rational thought.

The silver lining is that we wont have to listen to all the blather about how everybody should get out of the way of Business and they will generate overwhelming wealth for everybody! ..And arrogant Republicans are gonna have to keep their traps shut for a while. ...

CuriousJockAZ saidIf there is a silver lining to any of this it is that perhaps it will force the Republicans and Democrats to work together and stop this endless partisan bickering that has gotten nobody anywhere. I'm so sick of people thinking that any one President or party is to blame for this. This has been brewing for decades, and there is more than enough blame to go around, including the American people themselves who have been living beyond their means for far too long. Those days are coming to a screeching hault.

Well said - and also for further consideration, independent reports by outside investigators concluded that Freddie Mac manipulated its accounting to milsead investors, and critics have said Fannie Mae did not adequately hedge against rising interest rates.

In 2005 John McCain co-sponsored the Federal Housing Enterprise Regulatory Reform Act - which was shot down by the Democrats and even some Republicans in Congress. So, McCain fought three years ago to help shield us from the crisis going on today. What was Obama's vote?

McCain deserves some credit for that bill which would have increased oversight over Fannie and Freddie, but it wouldn't have done anything to address the industry-wide problem. Here's a link:http://politifact.com/truth-o-meter/statements/721/Still, he deserves credit for that.

Colbert_Nation saidMcCain deserves some credit for that bill which would have increased oversight over Fannie and Freddie, but it wouldn't have done anything to address the industry-wide problem. Here's a link:http://politifact.com/truth-o-meter/statements/721/Still, he deserves credit for that.

If your rich your ok. Really, you had Bush and the rich dems love him too... I mean he did save us from another depression. All the stocks that could of dropped off....the rich saved from taxation and market decline!!!

It is estimated that it will cost approximately 1 Trillion dollars to "fix" this financial crisis.

With approximately 300 million Americans (legal), why not the government give each man, woman and child 3.3 million dollars EACH? This way, the big suckle corporations can find their way to bankruptcy hell and never let this happen again.

But you damn Republicans call that social welfare and are self-righteously against that sort of thing. *@#$@%^*^*%!